Medical Practice - Internal Medicine & Pulmonology
Location:
United States
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California
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Southern California - Los Angeles Area
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Los Angeles
Industry: Health and Medical > Medical Practices
Business Summary
CA - SoCal Medical Practice For Sale Due To Sudden Death of Doc - Internal Medicine & Pulmonology.
1. NET CASH FLOW: $200,000... Based on income from Office, Capitation Contracts & Nursing Home only... not including Hospital visits. (Total is $400,000 with Hospital visits).
2. GROSS SALES 2008: $605,000 (Per 2008 Tax Return)
3. SALE PRICE: $400,000... (Seller is Widow of Doctor who just passed away early July 2009... Office has not missed a step and all patients are being handled as normal by temp Doctor.)
This successful and long term Medical Practice is being sold due to the untimely death of the owner at the age of 62 at the beginning of July 2009. The Spouse Of The Doctor Is Not A Doctor And Is Motivated To Sell.
This Internal Medicine Practice has been operating successfully for over 30 years with a Doctor (owner) that specialized in Pulmonology.
Over 1,200 Patients Were Seen In 2008 with Gross Receipts on Tax Return of $605,080 and Net Cash Flow of $400,000. Year 2007 very similar results.
2009 Fiscal Year Begins On April 1, 2009. The Profit And Loss Statement For The First 3 Months Of Fiscal 2009, From April 1 to July 6 2009, Shows The Professional Fees Received Were $202,200 With Net Cash Flow To The Doctor Of $100,000.
This Is A Great Opportunity For A Doctor Who Is Looking To Expand Their Practice Or A Doctor Who Is Relocating From Another Area.
Approximate Ratio Of Patients With Insurance Are 90% And Those Paying Out-Of-Pocket Are 10%. Among The Insurance Providers Accepted Are: Blue Cross, Blue Shield, Kaiser HMO, Medical, Medicare.
Overhead is low with only the Doctor (owner) of this Practice And 2 Employees.
FOR MORE DETAILS please email or call MKL Acquisitions TOLL FREE at 877-384-4240 ext 309.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$605,000
Cash Flow:
$200,000
Cash Flow Type: EBITDA
Seller Financing: Not Disclosed
About The Business
Year Established: 1979
Number of Employees: 1 - 3
Relocatable: Not Disclosed
Franchise: No
Current Real Estate: Leased
Property: Property For Not Applicable
About The Sale
Reason For Selling: Death or doctor / owner.
Click on the "I'm Interested" button above for more information on this Health and Medical > Medical Practices business for sale.
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Print Listing Id: 700109594
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